Long opportunity: COTY recovers after a long declineI believe there are signs of a bearish move overall so I am looking for those rare long opportunities. And here is one of them: COTY has been declining to its historic low and it is on the move up.
Entry: 14 USD
TP1: 18.5
SL: 12.85
This is a 1:4 risk ratio trade. It is not a big win, but it is a curated win in a volatile stock market looking to turn bearish. Do your own research before risking your money.
COTY trade ideas
COTY - Here Is My Plan (Write Covered Call)!!!The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
Symbol: COTY
Current Price $13.88
Num. shares: #100
Total cost: $1,388
Option:
WRITE
Option: 22nd June $16.00 Call
Price per option: $ 1.01
Contracts: #1 x 100
Total cost: $101
Maximum Risk: $1286.90 at 0.20 on day 0
Maximum Return: $308 at a price of $16 at expiry
Breakevens at expiry: $12.87
COTY - See Chart Trade ChartHarmonic Patterns can raise your profits higher and give you stops, entry and exit points. You can leave emotions away, just trade what you see. FYI: Two insiders on 5/11/18 bought 61,700 shares at $14.29, now price action is at $14.00. If interested in this stock, make a plan and trade plan. Either call options and/or stock buying, I see an easy $3.00 profit (or $17) fairly fast.